Crypto liquidations hit $926M in 24 hours, 85% were shorts
- —Total liquidations reached $926 million in 24 hours
- —Shorts accounted for $785 million, longs for $142 million
- —BTC saw $509 million and ETH $198 million in liquidations
- —Largest single liquidation was $11.3 million on Binance BTCUSDT
Why it matters: The heavy short squeeze signals a sharp price rally and raises the risk of further forced buying.
Source: PANews